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http://www.flickr.com/photos/maciejdakowicz/sets/1391696/ Tatters is about right :cool:

Whew, boy am I happy we have these German university professors running the ECB. I can sleep soundly knowing we will never have any inflation ever again http://www.bloomberg.com/apps/news?pid=20601087&sid=a1wo7m5yeDOI&refer=home April 15 (Bloomberg) -- European Central Bank council member...

"$164bn in cash and liquid assets" and they have to come back to shareholders and raise another $5bln?

http://www.ft.com/cms/s/0/27c46bec-0c0c-11de-b87d-0000779fd2ac.html According to Munchau, these disappearing exports mean lower (normalized?) spending elsewhere. The trade surpluses and deficits worldwide are a zero sum game. When the leveraged spenders (UK, US, Spain etc. etc) revert back...

Once Europe is largely deindustrialized the ECB will say "We are now confident that few drivers for inflationary expectations remain" :cool:

I feel Gold would need more than a little deflation from here... like massive corporate and sovereign bankruptcies and systemic stress (Ireland, Austria defaulting etc., something of that magnitude) to get traction. Lehman & Iceland failed, the entire US, UK banking system went on artificial...

Not a single home-currency denominated, debt induced banking crisis (and the 70s wasn't one) ended in a decade of high inflation. This would be the first one. Your argument is based on "things quickly going back to normal" when we get "out of the recession". What if we don't get out? Actually...

You simply short the government bonds & the currency of people with bad teeth; you can't fail.

Surely no speculators at all in Gold right now, all wise investors simply paying some insurance premium to "hedge" risks :cool:

Daal dodged the question and simply said "outside the Fed's target band" which is a moot point. If we see 2.1% annualized CPI over the next 10 years Bernanke will be outside of his target band, Daal will be right but Bernanke will be awarded the Presidential Medal of Freedom and the Nobel Prize...

Think about it: Is it easy for newcomers to earn money running a start-up company? How many who try succeed?

Wow, shocker there!!! All the 'surplus' countries are being taken to the woodshed.

So what do you do for a living? Seriously, I've been wondering.

Bloomberg outsourced headline writing to Cambodia?

Out of these @ Mid/End Feb. Gain on MS short wiped out by GS loss.

That doesn't make any sense. Japan didn't have any prolonged period of high inflation in 20 years yet you take that as evidence for coming high inflation globally?

I beg to differ. Projected default rates in HY bonds acknowledge that :)

The Fed's CPI target is 2.0% - I wouldn't call a 2.5 or 3.0% CPI in 2011 "high" -- at least not in the sense of the hyperinflation bulls, especially if we come out of a trough. And even then, single years have little impact on long term annualized price increases. Japan had years with 2-3%...

"Down the road" is a little vague isn't it? DOW 40,000 is also "dead certain down the road". Maybe in 2025 or 2100. High inflation, how high? 5% annually (not a historic outlier) or 25% (high historically). When? In 18 months? Or 18 years?

Because the ECB is run by the German Bundesbank: http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5140507/Ireland-is-ECBs-sacrifical-lamb-to-satisfy-German-inflation-demands.html